12 Apr 2014 Back

City of London

Property Investors are rushing into the City of London...

Victor Harris looks into the demand in the City and provides an insight into current activity.

So far there have been a number of investors who have agreed hundreds of millions of pounds worth of office stock in the City. This is helping London and the City remain in popular demand. For example London & Regional completed on a £102 million off-market purchase of Inmarsat's headquarters which occupy 99 City Road. It has been confirmed that Ignis Asset management completed their purchase of a property in Cornhill in EC3 for just over £26 million reflecting an approximate yield of 4.18%. 

131 Finsbury Pavement in the city was recently sold for a reported price of c.£57.50 million. This is only a snap shot of the recent 2014 deals and intelligence from Victor Harris. We are also aware of a number of opportunities if any other investors are looking for investments or to sell their buildings anywhere in Central London. 

The way the market is currently moving we fully expect more activity and in tern this is likely to continue maintaining the fact that prices throughout will continue to rise. Offices do represent a fantastic investment for a company who are looking for opportunities to hold either a yielding asset or to redevelop in order to improve their future ROI.  

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